The Official Homeowners Thread

[OfTheCross]

Have some self respect for your property breh

Real talk. I want to get into that.

You mind sharing a pic of your work?

I was talking to my mom about my front bushes and she told me to get the guys over here and have them help me out...I rather pull all them shyts out and start from scratch

 

[↓R↑LYB]

Real talk. I want to get into that.

You mind sharing a pic of your work?

I was talking to my mom about my front bushes and she told me to get the guys over here and have them help me out...I rather pull all them shyts out and start from scratch

I'm not home and I don't do the shyt myself (I hired a company), I gotta brown thumb breh

 

[intruder]

Are you guys white?

White ppl care more about lawns than anyone I've ever seen.

As long as my shyt is cut and not full of trash I'm good.

I care about lawn. Dont wanna be one of the clones on the block with sh!tty lawns. Yes im blacker than you ever will be

 

[OfTheCross]

I care about lawn. Dont wanna be one of the clones on the block with sh!tty lawns. Yes im blacker than you ever will be

lol. it's not a competition, breh

 

[intruder]

lol. it's not a competition, breh

Still. I honestly dont know where you clones get all these "black people" rules, breh.
Coli clones question your blackness for every little thing. As if there was a time in 4th grade when they pulled all the little black kids and taught them black rules of what they should like and what they shouldnt for a whole semester.
Wanna revoke my black card? Fine.
But yes im black and i like nice lawns and i go camping outdoors, and i love avocado, and after basketball my second favorite sport is volleyball, and i still dont know how to play spades and have never seen scarface and i dislike bbq sauce and never liked ribs.

 

[OfTheCross]

Still. I honestly dont know where you clones get all these "black people" rules, breh.
Coli clones question your blackness for every little thing. As if there was a time in 4th grade when they pulled all the little black kids and taught them black rules of what they should like and what they shouldnt for a whole semester.
Wanna revoke my black card? Fine.
But yes im black and i like nice lawns and i go camping outdoors, and i love avocado, and after basketball my second favorite sport is volleyball, and i still dont know how to play spades and have never seen scarface and i dislike bbq sauce and never liked ribs.

So you a Jim Rome fan or what, breh?

 

[intruder]

So you a Jim Rome fan or what, breh?

SInce the late 90s

 

[Bunchy Carter]

An associate of mine did. From what I remember, she had to keep a separate account where she deposited a fixed amount (ex. $1200) monthly and could NOT take any money out. This was to prove that she would be able to pay her mortgage payments. I believe she had an agent/counselor/rep assigned to her during that process. I think she had to do it for a year. She has her house now, but I lost touch with her so I don't know the specifics of her actual purchase process.

I'm checking out their seminar next chance I get.
What did they talk about in the seminar? Is it a requirement to attend?

Yeah, it's an requirement to attend. It's a 4 hour workshop and you have to stay the whole 4 hours, and it's a 10 step program to owning a home. It will probably take one year for you to actually get to purchase a home. At the workshop they talked about requirements on purchasing a home, different stories about saving homes, stories about people lowering their mortgage, played a video about the background of NACA, they talked about different rates and how they have the lowest rates (the lender that owns your loan is US Bank, but that could only be for Los Angeles) and they talked about the separate account your friend had to do.

The presenter took up most of the time talking about the separate accounts like what your friend had to do. A lot of people did not understand what he was saying, but he was trying to say, if you have 2 accounts and you pull from one account to save into another account your not really saving. Also they really stressed about staying in your home, if you purchase a home through NACA, you have to stay there until you pay of your loan. Unless you sell. If they find out that you are not staying there, let's say your renting your place, they can cancel the mortgage right away and kick you out.

After the workshop you are matched with a NACA counselor for preparation, but they said eveyone is not going to be approved after the process.

The workshop kinda had a selling vibe to it, the presenters sounded like car sales man to me.

 

[VFib]

The presenter took up most of the time talking about the separate accounts like what your friend had to do. A lot of people did not understand what he was saying, but he was trying to say, if you have 2 accounts and you pull from one account to save into another account your not really saving. Also they really stressed about staying in your home, if you purchase a home through NACA, you have to stay there until you pay of your loan. Unless you sell. If they find out that you are not staying there, let's say your renting your place, they can cancel the mortgage right away and kick you out.

Did they say what determines the amount you must put away?

 

[Bunchy Carter]

Did they say what determines the amount you must put away?

No, they did not say, they might discuss that during your personal meeting with your counselor. The only thing they said is that there is no down payment. But they said the larger the down payment or in NACA terminology "Buy Down," would help with you interest rate. With a buy down, it's a way you can lower your interest rate, when you pay more money up-front.

 

[OfTheCross]

smh. I tried out Lending Tree to get a refi and i swear like 10 different mofos called my phone in like 2 minutes.

These dudes are relentless

 

[Prodyson]

smh. I tried out Lending Tree to get a refi and i swear like 10 different mofos called my phone in like 2 minutes.

These dudes are relentless

I did the same thing. My wife is pissed at me now. We both work from home so we hear them calling all day, lol.

 

[muzikfrk75]

Been a homeowner for almost 2 months brehs

Was approved for a special loan that took care of the down payment....only had to pay $750 at closing

In a townhouse and gotta figure out what I wanna do to the patio.....it's half paved/half mulch right now

 

[BaldingSoHard]

Been a homeowner for almost 2 months brehs

Was approved for a special loan that took care of the down payment....only had to pay $750 at closing

In a townhouse and gotta figure out what I wanna do to the patio.....it's half paved/half mulch right now

How does one get down on such a thing?

 

[muzikfrk75]

How does one get down on such a thing?

That specific type of loan is now gone, but

Spoiler

The North Carolina Housing Finance Agency is helping allocate $15 million in loans to 1,000 people in Cabarrus, Cumberland, Guilford, Johnston and Mecklenburg counties.

The $15,000 down payment assistance is available to first-time homebuyers (or those who haven't owned a home in three years) who are buying a house for less than $245,000 in those five specific counties. The buyer needs a credit score of at least 640 and must complete a buyer education course.

Twenty percent of the $15,000 is forgiven each year the buyer lives in the home, so if they stay for five years they don't have to pay it back. "Many people have a 640 credit score, many people have a job and the money to make the monthly down payment. What they’re lacking is the savings, that down payment. This closes that gap," McCrae-Coley said.

He says the money can be used toward a down payment, closing costs or a combination of both. Millennials can potentially stop renting and make an investment sooner than they might have thought. "It really gives them the capacity not to have to drain all their savings or dip into their retirement for that down payment," Cooke added.

Eight weeks into the program, there are about 700 loans left. It is a limited time offer. There are other down payment assistance programs in other cities and counties, and for all types of home buyers.
Click to expand...​

The $700 I had to pay was $200 due diligence fee and $500 earnest payment. As long as I stay here for 5 years (which I plan on doing anyway) I'm good